Ipod touch wet; is there hope?

Hi all,
Unfortunately I got caught in a storm, and my ipod touch got wet. I didn't realize it, so I tried to charge it for a while (less than an hour or so), as soon as I realized there was water under the screen I switched it off and put it into a rice bag. Now it's almost four days, and there's still water under the screen.
The situation is the following:
1) Warranty expired
2) No red/pink coloration into the dock connector or jack plug
3) The ipod turns on and could charge, but shows the itunes icon and does not move from there
4) I can switch it off just by holding both the hold and power button. If I just hold the power, in the following screen I will be unable to scroll the cursor to switch it off.
5) If I plug it into itunes, it doesn't let me in because it says I need to put in the password (but doesn't show the relative screen on the Ipod).

The fact that is seems to charge and/or that the screen doesn't show any distortion can not be a good sign?
There's no way this could be fixed? I'm not quite ready to spend 200$ for a new one...

Click to expand...

Most likely not. They key to fixing any electronic device that gets wet is to turn it off immediately and let it dry out in rice, but you turned it on by plugging it in before it had a chance to completely dry out.

It's not in warranty.
I think I'll try again and again until this weekend, keeping it in rice from time to time. Then I'll bring it to the applestore and see what they say.
But if it's not in warranty, why would they replace it!?
I don't think I'm able to open it up; instead than ebay I was actually considering thepoddrop.com. As anyone ever used it?

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